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7114 Eagles Nest Lane #94 Huntersville, NC 28078

5 Beds 4 Baths 3,010 sqft Built 2021

$438,990

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $145.84
  • 4 Days on Market
  • MLS # : 3705499
  • Updated Date : 02/04/2021 at 16:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,010 sqft
  • Baths : 4 full
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

Come home to all the space you and your family need! The beautiful home boasts just over 3000 square feet, with five bedrooms and four bathrooms, including a guest suite on the main floor. Flexible space for an office that does not interfere with the bedrooms. The kids will have their own hangout area with a spacious upstairs loft. This home is also perfect or entertaining—open, airy living area with tons of natural light, extra-long kitchen island in quartz with 42” cabinets and pull out trays and GE appliances. The living space flows right out the door to your huge back yard, perfect for sports, dogs or just soaking up the outdoor beauty. The “cherry on top” is the location of this beautiful community—convenient to all interstates and uptown and the lake. You get to choose your finishes and move in by early spring!

SEE MORE

MARKET HIGHLIGHTS

  • Charlotte metro's economy is worth $181 billion in Gross Metro Product and projected to grow to $192 billion in 2019 (USMayors.org, 2018)
  • #1 Millenial Moving destination city (Smart Asset)
  • Corporate Fortune 500 headquarters: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar
  • #3 fastest-growing big city in US with more than 15,000 people added in 2017 (US Census, 2018)
  • Charlotte metro has 65.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Charlotte attracted more than $325 million in capital investments in 2018Q2 (Meckelenburg county, June 2018)

PRICE & RENT TRENDS

Zip Code: 28078

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 28078

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Blythe Elementary School Primary Regular 1,038 67 5
J.m. Alexander Middle School Middle Regular 865 40 4
North Mecklenburg High School High Regular 1,881 101 3

Blythe Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 67
5
GreatSchools Rating

J.m. Alexander Middle School

  • Education Level: Middle
  • # of students: 865
  • # of teachers: 40
4
GreatSchools Rating

North Mecklenburg High School

  • Education Level: High
  • # of students: 1,881
  • # of teachers: 101
3
GreatSchools Rating
 

$395,091$482,889$438,990

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,525
Property Tax -$351
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$438,990

PROJECTED PRICE

$2,050

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,332

INVESTMENT

$118,332

Down Payment
$109,748
Rehab Estimate
$2,000
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,748
Loan Amount $329,243
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,595

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,050

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,972

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8653$1,9954$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 7114 Eagles Nest Lane Huntersville, NC 5
    • 5 beds 4 baths ∙ 3,010 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,010 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.68
    •  
  • 6401 Prosperity Commons Drive Charlotte, NC 1
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2007
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.59
    •  
  • 8524 Ridgeline Lane Charlotte, NC 2
    • 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 2007
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.65
    •  
  • 8517 Delamere Lane Charlotte, NC 3
    • 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2007
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
  • 6527 Moonlight Lane Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 1994
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy